European public debt crisis led to a reversal of economic strategy for the policy makers. The lack of vision when choosing the budget deficit as an important factor in SGP has allowed a discretionary fiscal behavior for the member states. The budget deficit of the member states was strongly...

he aim of this paper is to emphasize how the correlations between fiscal policy and economic growth are manifesting in the UE case. After theoretical framework, the paper is organized as follows: Section 2 tries to provide a model at micro-economic level for the interconnections between fiscal...

The European Union integration assumes that countries realized a real convergence process which is influenced by fiscal policy of each country. This study analyzed both absolute convergence (all countries will reach the same steady state level of income) and conditional convergence (countries...

This paper analyzes the relationship between fiscal policy and the macroeconomic indicators (economic growth, inflation rate, unemployment rate, public debt) in the case of Romania for the period 1990-2007. The correlations between these variables are tested by applying the regression technique,...

The analysis of the correlation between fiscal policy and economic growth represents an important and very debated topic in the theoretical and empirical literature. In this study we test the correlation between fiscal policy and economic growth in Romania, for the period 1990-2007. The...

This article is expressing the authors’ point of view as regards the economic and social evolution of Romania during 2005. After highlighting the basic elements of the general frame to consider for Romania in 2005, the article develops the analysis by the main sectors of activity. The Gross...